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07-31-2007: Celanese Corporation announced that Frankfurt-Hoechst Industrial Park has been selected as the new site for Ticona's Kelsterbach production operations in Germany. In November 2006, Celanese and Ticona, the engineered materials business of Celanese, along with Fraport, the operator of the Frankfurt airport, agreed that Ticona's Kelsterbach chemical plant would relocate by mid-2011 in order to make room for an airport expansion.
Over the past several months, Ticona has engaged in an extensive screening process of potential sites for relocation of chemical production facilities.
"The Frankfurt-Hoechst Industrial Park site meets our key criteria for selection and will ensure Ticona's future business success," said Sandra Beach Lin, president, Ticona. "Over the next four years, we will construct the world's largest, state-of-the-art polyacetal plant with an increased capacity relative to our current Kelsterbach facility. This plant will enable us to better serve our customers' increasing demand in the future," Lin said.
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Celanese Announces Price Increases
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As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. Net sales totaled $6.7 billion in 2006, with approximately 60% ge ... more
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